South Carolina Code 12-16-1210. Tax on transfer of in-state stocks or obligations by foreign executor, administrator or trustee
Current as of: 2023 | Check for updates
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Terms Used In South Carolina Code 12-16-1210
- Decedent: A deceased person.
- Decedent: means a deceased person. See South Carolina Code 12-16-20
- State: means any state, territory, or possession of the United States and the District of Columbia. See South Carolina Code 12-16-20
- Transfer: includes the passing of property or any interest therein, in possession or enjoyment, present or future, by inheritance, descent, devise, succession, bequest, grant, deed, bargain, sale, gift, or appointment in the manner herein described. See South Carolina Code 12-16-20
- Trustee: A person or institution holding and administering property in trust.
If a foreign executor, administrator, or trustee assigns or transfers any stock or obligations in this State standing in the name of a decedent or in trust for a decedent, liable for tax under this chapter, the tax must be paid to the department on transfer.